City Council Speaker Melissa Mark-Viverito has called for Correction Department Commissioner Joseph Ponte to resign. Ponte was recently found to have improperly used his city-issued car to leave New York for 90 days this year, and city investigators this week accused a top department official of spying on them. Mark-Viverito said she had shared her view with Mayor Bill de Blasio. [Daily News]

Plus: The number of Rikers Island inmates transferred by the Correction Department to other jails around the state rose 47% from 2011 to 2016. [Daily News]

Construction firms' owner indicted in worker's death

Construction company owner Michael Weiss has been indicted on charges including manslaughter and criminally negligent homicide in the September 2015 death of Fernando Vanegaz, who was working at a site in Bedford-Stuyvesant, Brooklyn. Weiss' firms, RSBNY NY Builders and Park Ave Builders, were also indicted. Weiss denies any wrongdoing. [The Wall Street Journal]

Biotech companies compete for public money

Biotechnology companies are vying for $1.15 billion in tax credits and funding from the city and state. Of the total, $650 million will come from the Cuomo administration in the form of credits, capital grants and public-private partnerships. The city has committed to spending $500 million on biotech over the next 10 years. [Crain’s Health Pulse]

Snap, the parent company of photo-sharing app Snapchat, lost $2.2 billion in the first quarter of 2017. The company, which debuted on the New York Stock Exchange in March, failed to meet pretty much every expectation of Wall Street analysts. Competition from Facebook and slow growth in the number of Snapchat users appeared to be behind the poor performance. [The New York Times]

AIG to name new CEO

American International Group is expected to name Brian Duperreault, a onetime top deputy of former AIG CEO Hank Greenberg, chief executive. Duperreault, 69, is currently CEO of Hamilton Insurance Group. He would be AIG's seventh chief executive since 2005. [Crain's New York Business]

Canadians buy Snoopy

Iconix Brand Group has sold its 80% controlling stake in the Peanuts cartoon brand to Canadian company DHX Media, owner of Teletubbies, for $345 million. The deal allows Iconix to shed its last entertainment business. The Manhattan-based firm plans to use the sale proceeds to pay down $362 million in debt. [New York Post]

Hotel workers' union backs de Blasio

The New York Hotel Trades Council yesterday endorsed Mayor Bill de Blasio for re-election. The labor union's announcement came a few hours after the City Council passed a two-year extension of a 2015 ban on the conversion of hotel space to condos. De Blasio is expected to sign the legislation. [Daily News]

Businesses settle ticket bot allegations

Six companies will pay New York state $4.2 million to settle allegations they used illegal software known as ticket bots to sell entry to concerts and other events. The bots allow vendors to buy large blocks of tickets that are then resold to the public at much higher prices. State law prohibits resales using such software. [The Wall Street Journal]

'Bureaucracy' delays expansion of Queens production company

Gina Argento, co-owner and president of Queens-based film and television production company Broadway Stages, says she "won't give up that easily" on expanding into a 69-acre site on Staten Island. Argento said Broadway Stages won the right to buy the property from the state but that "a lot of bureaucracy" is holding up the deal. [Crain’s New York Business]

Juilliard names new president

Damian Woetzel, a former principal dancer with the New York City Ballet, has been named president of The Juilliard School. He will succeed the conservatory's longest-serving head, Joseph Polisi, in July 2018. The selection of Woetzel, 49, is something of a departure for Juilliard in that he comes from dance rather than music. [The Wall Street Journal]

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